Table-12 HSN Wise Summary in case of RCM Sale

[milan bamal]

Outward supply on reverse charge amount Rs.100000 + 18% GST (18000), then while reporting such amount in Table 12 of GSTR 1, we need to report Rs. 100000 + 18% GST or only taxable value Rs. 100000 in GSTR 1?

[Sadanand Bulbule]

Both value and tax amount need to be reported.

[YAGAY andSUN]

For supplies liable to Reverse Charge Mechanism (RCM), the supplier is not required to charge GST in the invoice, as the tax is payable by the recipient. Accordingly, while reporting such supplies in Table 12 of GSTR-1 (HSN-wise summary), the taxable value alone should be reported, and GST amount should not be added to the value.

Example:

• Taxable value of supply: Rs. 1,00,000

• GST rate: 18%

• GST payable by recipient under RCM: Rs. 18,000

Reporting in Table 12 of GSTR-1:

• Taxable Value: Rs. 1,00,000

• Tax Amount: Nil (supplier does not report output tax on RCM supplies)

Therefore, only Rs. 1,00,000 should be considered for HSN reporting in Table 12, not Rs. 1,18,000.

The GST amount of Rs. 18,000 is merely the tax liability of the recipient under reverse charge and does not form part of the supplier's outward taxable value for GSTR-1 reporting purposes.

Conclusion: Report only the taxable value of Rs. 1,00,000 in Table 12 of GSTR-1. Do not include the GST amount of Rs. 18,000.

[YAGAY andSUN]

As a practical GST reporting principle, for outward supplies liable to reverse charge, GSTR-1 generally captures the value of supply, while the tax liability is discharged by the recipient. Therefore, in HSN-wise reporting (Table 12), the taxable value alone is considered, not the notional GST payable under RCM.

[KASTURI SETHI]

Only taxable value is to be reported in Table 12 of GSTR-1. Under RCM the recipient is a deemed supplier. Only tax liability is shifted to the recipient. Sale value forms the part of the turnover of the supplier.

AI Summary

Reverse charge mechanism reporting: Table 12 of GSTR-1 should capture only the taxable value, not the recipient's GST liability. For supplies liable to reverse charge mechanism, the supplier does not charge GST in the invoice because the tax liability is shifted to the recipient. In HSN-wise reporting under Table 12 of GSTR-1, only the taxable value of the supply is to be reported, and the GST amount payable by the recipient under reverse charge is not to be added to that value.